The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated Oct. 6, 2025, between Tornado Acquisition Company ULC, a subsidiary of The Toro Company, and Tornado Infrastructure Equipment Ltd., under the provisions of the Business Corporations Act (Alberta).

Pursuant to the plan of arrangement, shareholders of the company received a cash payment of $1.92 per share for each Class A common share of the company held.

The exchange has been advised that approval of the plan of arrangement by the company's shareholders was received at a special meeting of shareholders held on Dec. 2, 2025, and that the final order approving the plan of arrangement was received from the Court of King's Bench of Alberta on Dec. 3, 2025. The plan of arrangement was completed on Dec. 8, 2025.

For additional information, please refer to the company's management information circular dated Nov. 3, 2025, and the news releases dated Oct. 6, 2025, Nov. 10, 2025, Nov. 24, 2025, and Dec. 2, 2025, filed on SEDAR+.

Delisting

In connection with the completion of the plan of arrangement, the company will be delisted from the exchange. Accordingly, effective at the close of business, Wednesday, Dec. 10, 2025, the shares will be delisted at the request of the company.